Medical Membrane Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Medical Membrane Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global medical membrane market size reached US$ 3.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.9 Billion by 2028, exhibiting a growth rate (CAGR) of 8.35% during 2023-2028.

Medical membrane refers to a technology utilized in drug delivery, tissue regeneration, artificial organs, and diagnostic devices. It assists in processing products with high purity and the concentration, separation and purification of various medical processes. It also aids in the treatment of patients suffering from various pathologies by removing toxins from the blood. It is used as a selective barrier to keep immune system components from encountering implants while allowing nutrients and metabolites to permeate the cells freely. As a result, it finds applications in hospitals, ambulatory centers, clinics, and community healthcare centers around the world.

Medical Membrane Market Trends:
There is currently a rise in the prevalence of chronic diseases like renal failure, diabetes, and atherosclerosis across the globe. This, along with the growing utilization of medical membrane in dialysis for filtration and blood purification, represents one of the key factors driving the market. Moreover, there is an increase in the employment of medical membranes in the recovery of concentrated proteins and enzymes. This, coupled with the rising awareness among individuals about the benefits of the medical membrane, is propelling the growth of the market. In addition, the escalating demand for medical membrane devices, such as microfiltration, intravenous (IV) infusion filters and sterile filtration, for curing various diseases is offering lucrative growth opportunities to industry investors. Besides this, the growing need for artificial organ implants due to organ failure is positively influencing the market. Apart from this, rising applications of ultra-pure water for manufacturing pharmaceutical products are catalyzing the demand for medical membranes. Additionally, the escalating demand for medical membrane in wastewater treatment as it has a higher selectivity towards critical components is bolstering the growth of the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global medical membrane market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on technology, material and application.

Breakup by Technology:

Microfiltration
Ultrafiltration
Nanofiltration
Dialysis
Gas Filtration
Others

Breakup by Material:

Acrylics
Polypropylene (PP)
Polyvinylidene Fluoride (PVDF)
Polysulfone (PSU) and Polyether Sulfone (PESU)
Polytetrafluoroethylene (PTFE)
Others

Breakup by Application:

Pharmaceutical Filtration
IV Infusion and Sterile Filtration
Bio-Artificial Processes
Drug Delivery
Hemodialysis
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Asahi Kasei Medical Co. Ltd. (Asahi Kasei Corporation), Hangzhou Cobetter Filtration Equipment Co. Ltd., Koch Separation Solutions (Koch Engineered Solutions), Medtronic plc, Merck KGaA, Pall Corporation (Danaher Corporation), Sartorius AG, Thermo Fisher Scientific and W. L. Gore & Associates Inc.

Key Questions Answered in This Report
1. What was the size of the global medical membrane market in 2022?
2. What is the expected growth rate of the global medical membrane market during 2023-2028?
3. What has been the impact of COVID-19 on the global medical membrane market?
4. What are the key factors driving the global medical membrane market?
5. What is the breakup of the global medical membrane market based on technology?
6. What is the breakup of the global medical membrane market based on the material?
7. What is the breakup of the global medical membrane market based on the application?
8. What are the key regions in the global medical membrane market?
9. Who are the key players/companies in the global medical membrane market?